SI Reporter |
Mumbai
June 15, 2012
Last Updated at 10:57 IST
Corporation Bank, VST Ind turns ex-dividend, stk dn 4% each
Corporation Bank declared Rs 20.50 per share dividend & VST Ind recommended Rs 65 per equity share dividend for FY12
Shares of Corporation Bank and VST Industries are trading lower by over 4% each after turning ex-dividend today.
“The register of members & share transfer books of the company/bank will remain closed from June 19, 2012 for the purpose of payment of dividend & Annual General Meeting (AGM),” VST Industries and Corporation Bank said in a separate filing to the stock exchanges.
Corporation Bank has dipped 6.4% to Rs 410 in morning trades after opened at Rs 425 on the Bombay Stock Exchange (BSE). The board of directors of the state-owned bank has recommended a dividend of 205% i.e. Rs 20.50 per share of the face value of Rs 10/- each.
VST Industries is currently trading lower by 4% at Rs 1,767, hit intra-day low of Rs 1,755 on the BSE. The board of cigarettes and tobacco products maker has recommended dividend of Rs 65 per equity share of Rs 10 each for the year 2011-12.
